Could Toys 'R' Us be filing for bankruptcy?

Monday, September 18, 2017 11:40AM
Could ToysRUs be filing for bankruptcy?

HOUSTON, Texas - Toys "R" Us hasn't said anything yet about a report that it may soon file for bankruptcy.

According to other media reports, the toy giant is having problems paying suppliers, which could lead to them filing for Chapter 11 just before the holidays.

As of April 29, the retailer listed a debt of $5 billion.

Toys "R" Us has more than 1,600 stores worldwide.

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